Regulated stablecoins are in the crosshairs of policymakers as a panel of practitioners from the digital regulatory space debates the future use of assets in the World of Web3 (WOW) Summit From Hong Kong.
In the panel titled “Digital Assets: Policies & the Road Ahead”, the group discussed how regulated stablecoins will most likely continue to be used in 2030, and how the current rate of growth of the stablecoin market contributes to guarantee it.
While acknowledging the growth of the cryptocurrency sector, Alexandra Sasha, first female member of the Danish Parliament and an advocate of Blockchain technology and innovation, stated that regulated stablecoins will strengthen.
In her remarks, Sasha said: “So I think there’s still two forms of need because there will be people who want to centralize the digital age, and there will always be people who want this decentralized way of using payments, of course, unless it’s banned, but I don’t think that’s it. nobody’s goal.”
Regarding the wide acceptance of regulated stablecoins by 2030, Kelvin Lester Lee, commissioner of the Philippine Securities and Exchange Commission, said that he is not sure that regulated digital assets will prosper by then. However, they would still be present and might also look different.
Finally, Douglas Arner, professor working in the areas of interconnection between finance and technology regulation at the University of Hong Kong, added that This whole decade would be a competition between centralized approaches and decentralized approaches. According to Arner, competition applies both in the context of the metaverse and the cryptocurrency ecosystem, and by the end of the decade there would be a spectrum of different structures in which regulated stablecoins are likely to emerge as the most popular monetary instrument. used integrated into blockchain applications.
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